On the other hand as more Boomers retire there are more and more opportunities for fewer workers.It is roughly 3% inflation. My point again was the difference between the reported wage growth numbers of 2.7 and 3.2. When you consider inflation it is basically a break-even scenario.
But it is also a shift in wages...Do you think that 10,000 baby boomers retiring a day has any effect on this? New jobs are not going to pay what the retiring boomer was making...so there's that.